Vinland Capital Management Gestora de Recursos LTDA. Purchases Shares of 4,145 Applied Materials, Inc. (NASDAQ:AMAT)

Vinland Capital Management Gestora de Recursos LTDA. acquired a new stake in Applied Materials, Inc. (NASDAQ:AMAT) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,145 shares of the manufacturing equipment provider’s stock, valued at approximately $837,000. Applied Materials comprises approximately 2.0% of Vinland Capital Management Gestora de Recursos LTDA.’s investment portfolio, making the stock its 15th largest position.

Several other large investors also recently modified their holdings of the stock. Kovack Advisors Inc. grew its holdings in Applied Materials by 3.6% in the 1st quarter. Kovack Advisors Inc. now owns 2,847 shares of the manufacturing equipment provider’s stock valued at $587,000 after buying an additional 99 shares in the last quarter. Veracity Capital LLC boosted its holdings in Applied Materials by 4.7% in the 1st quarter. Veracity Capital LLC now owns 2,490 shares of the manufacturing equipment provider’s stock valued at $514,000 after purchasing an additional 111 shares during the period. Everett Harris & Co. CA grew its position in shares of Applied Materials by 51.3% during the 1st quarter. Everett Harris & Co. CA now owns 3,596 shares of the manufacturing equipment provider’s stock worth $742,000 after purchasing an additional 1,220 shares in the last quarter. Strategic Advisors LLC acquired a new stake in shares of Applied Materials in the first quarter valued at approximately $203,000. Finally, Ashton Thomas Private Wealth LLC boosted its stake in shares of Applied Materials by 1.6% in the first quarter. Ashton Thomas Private Wealth LLC now owns 7,430 shares of the manufacturing equipment provider’s stock valued at $1,532,000 after buying an additional 120 shares during the period. 80.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMAT. Wells Fargo & Company cut their target price on Applied Materials from $260.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. UBS Group cut their price objective on shares of Applied Materials from $220.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. StockNews.com lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. Susquehanna cut their price target on shares of Applied Materials from $215.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Finally, Dbs Bank lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and a consensus target price of $229.14.

Applied Materials Trading Up 0.4 %

AMAT opened at $186.11 on Thursday. The company’s 50 day moving average price is $192.41 and its two-hundred day moving average price is $207.92. The firm has a market capitalization of $154.09 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 2.66 and a beta of 1.54. Applied Materials, Inc. has a fifty-two week low of $129.21 and a fifty-two week high of $255.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.86 and a quick ratio of 2.09.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. The business had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.68 billion. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. Applied Materials’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.90 earnings per share. As a group, research analysts predict that Applied Materials, Inc. will post 8.49 earnings per share for the current year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, November 21st. Applied Materials’s dividend payout ratio is currently 18.39%.

Applied Materials Company Profile

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.